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Archrock Inc. (AROC) Rises Higher Than Market: Key Facts
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Archrock Inc. (AROC - Free Report) closed at $31.58 in the latest trading session, marking a +1.15% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.4%.
Heading into today, shares of the natural gas compression services business had lost 3.28% over the past month, lagging the Oils-Energy sector's gain of 1.36% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of Archrock Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 7.14% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $382.43 million, indicating stability compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.73 per share and a revenue of $1.51 billion, demonstrating changes of -8.95% and +1.48%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archrock Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.43% downward. Right now, Archrock Inc. possesses a Zacks Rank of #5 (Strong Sell).
Investors should also note Archrock Inc.'s current valuation metrics, including its Forward P/E ratio of 18.08. This denotes a discount relative to the industry average Forward P/E of 22.
We can additionally observe that AROC currently boasts a PEG ratio of 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. AROC's industry had an average PEG ratio of 1.96 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 80, finds itself in the top 33% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AROC in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Archrock Inc. (AROC) Rises Higher Than Market: Key Facts
Archrock Inc. (AROC - Free Report) closed at $31.58 in the latest trading session, marking a +1.15% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.4%.
Heading into today, shares of the natural gas compression services business had lost 3.28% over the past month, lagging the Oils-Energy sector's gain of 1.36% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of Archrock Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.45, reflecting a 7.14% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $382.43 million, indicating stability compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.73 per share and a revenue of $1.51 billion, demonstrating changes of -8.95% and +1.48%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Archrock Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.43% downward. Right now, Archrock Inc. possesses a Zacks Rank of #5 (Strong Sell).
Investors should also note Archrock Inc.'s current valuation metrics, including its Forward P/E ratio of 18.08. This denotes a discount relative to the industry average Forward P/E of 22.
We can additionally observe that AROC currently boasts a PEG ratio of 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. AROC's industry had an average PEG ratio of 1.96 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 80, finds itself in the top 33% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AROC in the coming trading sessions, be sure to utilize Zacks.com.